$2,995,000   ♡   Gardena, CA 90249 16 bed 17 bath 9,606 SqFt ($311/SqFt) 0.36 acre lot. Built 1961 Listed 2023-12-14, Taxes $36,958 | Ⓧ USDA Ineligible due to price & location near Gardena |
Updated Set Up Sheet.
Price Reduced for a quick sale. Seller financing possible. 14900 Lemoli Ave., Gardena CA 90249 is a 16-unit apartment complex that benefits from a strong emp loyment base as well as a nearby community college that helps provide constant demand for housing. The property consists of all large One Bedroom Units and is situated on an oversized 15, 624 sq ft lot with plenty of parking. All utilities are paid by Landlord (Mster Metered). This asset is situated in zip code area of the City of Gardena, however, under it falls under the jurisdiction of LA County (not LA City). Upside potential exist with this asset by bringing the below market rents to market rates on turn as well as benefit from 4% potential annual rental increases. Additionally, there is an office unit that has plumbing for a toilet and shower which may be able to be leased out as an office (Buyer to verify). An investor can also find upside with the laundry room income as well as storage facilities located in the parking area. For investors looking for a value-added opportunity - this might be your deal!
Some basic deferred maintenance makes this investment offering perfect for an investor that knows how to beautify a property and maximize rents in the process. Priced competitively BELOW 10x GRM (9.97) and a potential 6.30% CAP, this asset potentially can possibly cash flow at the list price using reasonable estimated expenses!!
Presented by David Holstein at
The Holstein Group.
Property MLS #SB23225776 from CRMLS
Lot Size Acres: 0.3587
Lot Size Source: Assessor
Lot Size Square Feet: 15627
Parking Total: 16
Bedrooms in Unit-1: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Unit-1 Garage Spaces: 1
Vacancy Allowance: 3005
County: Los Angeles
Cap Rate: 6.30
Source Property Type: Residential Income
Insurance Expense: 7500.00
Area: 111 - Bodger Park/El Camino
Source Neighborhood: 111 - Bodger Park/El Camino
New Taxes Expense: 35000.00
Number of Separate Electric Meters: 1
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 4071016001
Pest Control Expense: 1500.00
Postal Code Plus 4: 3423
Professional Management Expense: 13400.00
Trash Expense: 3985.00
Zoning: LCR3YY
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,640,469 + $1,038,962 $2,679,431 | $36,958 |
| 2021 | $1,608,303 + $1,018,591 $2,626,894 | $36,075 |
| 2020 | $1,591,812 + $1,008,147 $2,599,959 | $36,146 |
| 2019 | $1,560,600 + $988,380 $2,548,980 | $34,799 |
| 2018 | $1,530,000 + $969,000 $2,499,000 | $34,147 |
| 2017 | $1,500,000 + $950,000 $2,450,000 | $32,511 |
| 2016 | $889,400 + $520,117 $1,409,517 | $20,319 |
| 2015 | $876,041 + $512,305 $1,388,346 | $19,821 |
| 2014 | $858,881 + $502,270 $1,361,151 | $19,753 |
| 2013 | $431,948 + $222,700 $654,648 | $11,291 |
| 2012 | $423,479 + $218,334 $641,813 | $10,889 |
| 2010 | $415,176 + $214,053 $629,229 | $10,577 |
| 2009 | $413,053 + $212,959 $626,012 | $10,377 |
| 2009 | $412,074 + $212,454 $624,528 | $10,377 |
| 2008 | $404,954 + $208,784 $613,738 | $10,104 |
| 2007 | $397,014 + $204,691 $601,705 | $9,788 |
$2,995,000
CRMLS
Price Changed 2024-02-28
$3,100,000
CRMLS
Listed 2023-12-14
$3,400,000
CRMLS
Sold 2016-08-18
$2,450,000
CRISNET
Listed 2016-07-09
$2,500,000
CRISNET
Sold 2013-04-19
$1,355,000
ITECH
Listing removed 2013-03-01
$1,365,000
CRMLS
Listed 2013-02-12
$1,365,000
CRMLS
Listed 2013-02-12
$1,365,000
ITECH
Sold 2000-09-26
$535,000
Public Record
Sold 1977-12-05
$72,500
Public Record
Year Built: 1961
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: resi
Property Age: 63
Property Attached: Yes
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Appraiser
Sewer: Sewer: Public Sewer, Water Sewer Expense: 10283.00
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.